SPARKS, MD - Ondas Holdings Inc. (NASDAQ:ONDS), a leader in private industrial wireless networks and commercial drone solutions with a market capitalization of $225 million, announced that its subsidiary, American Robotics, has obtained an additional Federal Aviation Administration (FAA) Beyond Visual Line of Sight (BVLOS) waiver. The company’s stock has shown remarkable momentum, delivering a 361% return over the past six months, though InvestingPro analysis indicates the stock is currently trading near its Fair Value. This development marks a significant step forward for the industry, allowing for expanded drone operations from Ondas’ Baltimore Global Operations Control Center.
The BVLOS waiver enables American Robotics’ Optimus System to perform operations over people and moving vehicles, controlled remotely from a centralized operations center. This capability is facilitated by Kestrel, American Robotics’ advanced airspace management and Counter-UAS (C-UAS) solution. The Optimus System is the only FAA Type Certified uncrewed aerial vehicle (UAV) developed specifically for security and inspection tasks.
Eric Brock, Chairman and CEO of Ondas Holdings, highlighted the waiver as a testament to the company’s technology and its ongoing partnership with regulatory bodies. Timothy "T3" Tenne, CEO of American Robotics, emphasized the waiver’s role in validating the company’s commitment to scaling the drone industry and preparing for the FAA’s anticipated Part 108 framework.
The waiver not only allows American Robotics to enhance its services for defense, government, and commercial sectors but also supports the company’s readiness for regulatory changes, including the management of multiple unmanned aircraft systems (UAS) by a single Remote Pilot in Command (RPIC).
American Robotics is inviting interested parties to a Drone as First Responder (DFR) event on January 16th at its Baltimore headquarters. The event will showcase the full capabilities of its sUAS platforms, including live demonstrations of the Optimus System and Kestrel solution in action.
The press release statement also details Ondas Holdings’ operations, which span Ondas Networks’ wireless data solutions and Ondas Autonomous Systems’ commercial drone solutions, including American Robotics and Airobotics. These subsidiaries provide enhanced connectivity and data collection capabilities across various critical markets such as oil & gas, rail, mining, agriculture, and public safety.
This announcement is based on a press release statement and does not include any forward-looking statements or promotional content.
In other recent news, Ondas Holdings Inc. has been making significant financial moves to support its growth initiatives. The company issued $18.9 million in Series B-2 Senior Convertible Notes and secured an additional $1.7 million through a private investment, raising a total of $30 million since early December. These funds are primarily directed towards the expansion of its drone business, Ondas Autonomous Systems (OAS). Despite a challenging third quarter in 2024, where revenues fell to $1.5 million from $2.7 million the previous year, Ondas secured $14.4 million in orders for its military technology platforms. The company also issued new convertible notes, raising $10 million, and secured an $11.5 million investment, primarily to support OAS. These transactions were facilitated by Oppenheimer & Co. Inc., which acted as the sole placement agent in some instances. These are recent developments in Ondas Holdings’ operations.
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